Monday, November 13, 2006

HomeAway Raises $160M

Austin, Texas-based vacation rental site HomeAway said today that it has raised $160M in financing. Homeaway is a provider of vacation rental information on the Internet. Venture firms involved in the funding include existing investors Austin Ventures and Redpoint Ventures, along with new investors American Capital, Institutional Venture Partners, and Trident Capital also participating. The round brings the company's total raised to over $200M. As part of the funding, the firm has acquired VRBO.com (Vacation Rentals by Owner), a "rent-by-owner" vacation rental website. More information »